What Is Whole Life Insurance?

Posted by admin on January 5, 2009 · 4 Comments

Permanent Life Insurance – The policy will cover you as long as it is kept in force. (Paid for or paid up). Term life insurance policies expire after a set period of time.
Premiums and Death Benefits are Fixed over the life of the policy.
Life Insurance Cash Value can be accumulated over time which can be borrowed against or cashed in. Part of the premium pays for insurance, but the rest can build up the cash value which can also earn interest or dividends. Some people think of whole life as a combination of insurance and savings.